Posted in Finance, Accounting and Economics Terms, Total Reads: 358
Definition: Half Commission Man
A person which introduces the investors to the broker. In return to the introduction the person receives a particular sum of money. The commission is given so this person is defined as half commission man as an agreed upon commission is given.
Half commission man is basically is a person who works as a connection between the broker and the investor. The commission is mainly half of the total commission. Hence, the name half commission man. The half commission man can be freelancer or can serve a particular broker.
Say Mr. X is having an amount of 10000 units to invest. A person Y knows X. x tells about his condition to Y and Y being a commission agent of Broker introduces X to the same. Now if X invests with the broker, Y will get his commission.